Looking at the Gravitating line(Red), you can how there is an active attraction from 1 to 8.
The Price is moving toward the support level(225) on a strong(tight) value area(Channel) where investor's eye is looking to buy this stock. The changing and crossing over the Average Volume should be best sign for creating a position (target 257 and 280).
LONG TERM INVESTMENT CALL DATE - 27/03/2020
BUY STATE BANK OF INDIA
CMP - 195 ADD MORE TILL 140
STOP LOSS - 87
TARGET - 240 280 320 360 ++
FOR ANY QUERY CALL MESSAGE ANY TIME
CALL / WHATSAPP ME - +91 8479847999
ICICI Bank making a long wick on its monthly trend-line. Its also the 100 Day monthly EMA from where it has been bouncing a lot plus its also a major Supply-Demand Zone. Might see a bullish move from here after the monthly candle close.
March Monthly candle will decide Nifty's Future.
Personally I feel coronovirus panic is short lived and market will soon be bullish. Many theories suggest that this was a planned chaos created by Chinese govt to surpass Western Economy.
Once they achieve their goal things will be back to normal.
Although in worst case, Nifty will find support around 2008...
As Coronavirus seem to have reached in the EU what looks to be so far its "propagation ceiling", the US is being rapidly contaminated with the virus; their extremely precarious healthcare system worsening the spread by making it increasingly harder for people to get tested. The US spread, being late of a week or two behind the EU, still has lots of...
Indigo has corrected almost 30 % and now it seems to approaching towards the circle area on the Gann fan and 0.5 Fibonacci entrancement level. Don't be in hurry to buy but be in wait and watch mode. In the next 2 months once the effect of Corona virus is done with, being a market leader it will be in the position to take advantage of lower oil prices. However,...
The stock has been falling since last few months after creating a top in November. During the last 5/6 sessions we notice a surge in volumes as well. Today’s volume was peak with a small body candle (now this create a anomaly between price and volume) we should expect large candles with large volumes but that has not been in this case, especially the last candle!...